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Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: EUR/AUD downward momentum remains in place 
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FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/USD recovers some ground but bears are not done yet 
• EUR/AUD initially gained on Monday but lost ground after German Chancellor Olaf Scholz failed to secure a parliamentary confidence vote, deepening political uncertainty.
• The German parliament agreed to withdraw its confidence in Chancellor Olaf Scholz and his government, paving the way for an early election on February 23 following the collapse of his coalition..
• Chancellor Scholz's coalition fell apart last month after the Free Democrats (FDP) quit over debt issues, leaving the SPD and Greens without a majority amid Germany's economic crisis.
• Rally towards is 1.6600 possible if EUR/AUD bulls overcome resistance at 23.6%fib
• Immediate resistance is located at 1.6572(23.6%fib), any close above will push the pair towards 1.6652(Higher BB).
• Strong support is seen at 1.6466(38.2%fib) and break below could take the pair towards 1.6385 (50%fib).
Recommendation: Good to buy around 1.6480 with stop loss of 1.6400 and target price of 1.6560
